Wave Power Technology Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	367.39	411.45	437.19	362.19	280.38
Revenue Growth (YoY)	-17.22%	-5.89%	20.71%	29.18%	-
Cost of Revenue	198.81	210.14	207.16	174.4	147.84
Gross Profit	168.58	201.3	230.03	187.79	132.54
Selling, General & Admin	47.24	56.17	46.57	39.44	34.29
Research & Development	42.5	45.03	41.65	36.55	17.67
Operating Expenses	89.75	101.16	88.24	76	51.98
Operating Income	78.83	100.14	141.79	111.79	80.56
Interest Expense	-0.43	-0.41	-0.16	-0.07	-0.88
Interest & Investment Income	6.37	2.47	0.47	0.18	0.09
Currency Exchange Gain (Loss)	0.02	0.02	0.53	0.46	0.27
Other Non Operating Income (Expenses)	2.44	2.95	0.02	-	-0.05
EBT Excluding Unusual Items	89.82	105.17	142.64	112.35	79.99
Other Unusual Items	0.04	0.04	-	0	-
Pretax Income	89.86	105.21	142.64	112.36	79.99
Income Tax Expense	15.81	18.44	28.88	21.98	16.45
Net Income	74.04	86.77	113.76	90.38	63.55
Net Income to Common	74.04	86.77	113.76	90.38	63.55
Net Income Growth	-26.34%	-23.73%	25.87%	42.22%	-
Shares Outstanding (Basic)	34	32	31	31	22
Shares Outstanding (Diluted)	34	32	31	32	22
Shares Change (YoY)	8.35%	3.21%	-1.17%	43.05%	-
EPS (Basic)	2.17	2.70	3.67	2.92	2.94
EPS (Diluted)	2.16	2.69	3.64	2.86	2.88
EPS Growth	-32.01%	-26.10%	27.27%	-0.69%	-
Free Cash Flow	35.97	140.47	2.65	44.68	59.66
Free Cash Flow Per Share	1.05	4.36	0.08	1.41	2.70
Dividend Per Share	2.200	2.200	3.450	2.500	1.800
Dividend Growth	-36.23%	-36.23%	38.00%	38.89%	-
Gross Margin	45.89%	48.93%	52.61%	51.85%	47.27%
Operating Margin	21.46%	24.34%	32.43%	30.86%	28.73%
Profit Margin	20.15%	21.09%	26.02%	24.95%	22.66%
Free Cash Flow Margin	9.79%	34.14%	0.61%	12.33%	21.28%
EBITDA	98.31	118.1	158.09	128.92	94.23
EBITDA Margin	26.76%	28.70%	36.16%	35.59%	33.61%
D&A For EBITDA	19.48	17.96	16.3	17.13	13.67
EBIT	78.83	100.14	141.79	111.79	80.56
EBIT Margin	21.46%	24.34%	32.43%	30.86%	28.73%
Effective Tax Rate	17.60%	17.53%	20.25%	19.56%	20.56%
Advertising Expenses	-	-	-	6.17	5.22

Source: S&P Capital IQ. Standard template. Financial Sources.